Friday, November 15, 2013

FEDERAL RESERVE - Nominee Yellen Before U.S. Senate

"Fed nominee Yellen defends stimulus efforts before Senate committee" PBS Newshour 11/14/2013


SUMMARY:  Federal Reserve nominee Janet Yellen, the woman poised to become the most powerful banker in the world, faced scrutiny from the Senate Banking Committee.  Yellen discussed the Fed's move to continue stimulus efforts and pledged to keep up outgoing chairman Ben Bernanke's push for greater transparency.  Kwame Holman reports.

GWEN IFILL (Newshour):  As Washington debated health care fixes and the world coped with the Philippine disaster, the woman who would become -- who could become the most powerful banker in the world appeared on Capitol Hill today.

Janet Yellen, who would succeed Ben Bernanke as chairman of the Federal Reserve, appeared to move one step closer to confirmation, but not without scrutiny.

NewsHour congressional correspondent Kwame Holman reports.

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